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NEW CHAIRMAN ELECTED AT LAUREL SAVINGS ASSOCIATION

 NEW CHAIRMAN ELECTED AT LAUREL SAVINGS ASSOCIATION
 ALLISON PARK, Pa., Jan. 14 /PRNewswire/ -- The board of directors of Laurel Savings Association (NASDAQ: LARL) today announced the election of Joseph A. Dutton as chairman of the board.
 Dutton, 64, succeeds John P. Auld, 75, who retired from the board after 46 years of service to the association. Dutton retired in 1990 as vice president of business and finance and treasurer at the University of Pittsburgh and currently serves as a consultant to the university. He was elected to Laurel Savings' board of directors in 1986.
 Additionally, the association's board announced the retirement of four directors, Edwin A. Austin, 77; Henry C. Bock, 68; Wendell K. Ferguson, 68; and Albert S. Jones, 80. Jones also retired from his position as vice chairman. All four individuals, along with Auld, were elected directors emeriti of the company.
 Laurel Savings Association is a 105-year-old Pennsylvania- chartered, SAIF-insured savings association conducting business through six offices in Allegheny and Butler counties.
 -0- 1/14/92
 /CONTACT: Edwin R. Maus, president of Laurel Savings Association, 412-487-7400/
 (LARL) CO: Laurel Savings Association ST: Pennsylvania IN: FIN SU: PER


CD -- PG011 -- 9674 01/14/92 15:47 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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